Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia
The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, has issued a private placement bond, denominated in dirhams, on the local UAE capital market. This pioneering issuance of AED 200 million (equivalent to c. US$ 54 million), was arranged by First Abu Dhabi Bank (FAB), the largest bank in the UAE, in partnership with Abu Dhabi Fund for Development (ADFD),a leading national development finance institution.
This issuance supports the EDB’s strategic objective of enhancing regional infrastructure, trade, and industrial projects, while also promoting the use of local currency in cross-border transactions. The proceeds will be channeled into high-impact development initiatives across the Bank’s member states, furthering economic...